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Cathay Pacific was founded on 24 September 1946 by Australian Sydney H. de Kantzow and American Roy C. Farrell. The airline celebrated its 70th anniversary in 2016. As of March 2024, its major shareholders are Swire Pacific with a 45% stake, Air China with 30% and Qatar Airways with 9.9%. Cathay Pacific is one of the founding members of Oneworld.
On 27 March 2019, Cathay Pacific agreed to take over HK Express for HK$4.93 billion (US$628 million), with the transaction to close by the end of 2019. At the time, HK Express operated 23 Airbus A320 aircraft on 25 routes from Hong Kong to Japan and Southeast Asia with a net asset value of HK$1.12 billion, while the airline recorded a profit of ...
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
Cathay Pacific has apologised for airing an episode of the American series Family Guy that features a scene depicting Tiananmen Square, following a complaint that it could violate Hong Kong’s ...
Asia Miles is a loyalty and frequent-flyer program launched by Cathay Pacific.Launched in February 1999, it allows members to earn miles by making different purchases with co-branded credit cards or on partnered flights, hotels, dining, financial services, retail, and technology products and services. [2]
Cathay Pacific Airways (CPCAY) will buy 36 planes after its quarterly earnings surged and passenger levels rose. Hong Kong's largest carrier will order 30 Airbus A350-900 planes and six Boeing 777 ...
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